_______ is an economic good that acts as a medium of exchange in transaction.

Related MCQs

• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• If all other factors remain equal, the higher the price of a good, the fewer people will demand that good means what?
• Where is exchange of goods and services take place?
• The most simple and popular method of measuring economic development is to calculate the trend of gross national product (GNP) at __________
• The supply of a good refers to: